The choice standards beneath the primary tranche had separate marks for capability and integration ranges, the place value-addition and capability have been getting used as a secondary standards to deal with scenario of ties amongst competing companies.
“The give attention to effectivity and native worth addition intranche II of the scheme is an indicator that authorities’s objective shouldn’t be restricted to merely selling manufacturing in India however has been enhanced to offering high-efficiency photo voltaic PV modules and making certain growth of total provide chain for manufacturing right here,” E&Y tax companion Saurabh Agarwal mentioned.
He mentioned a separate finances has been allotted for every stage of integration — comparable to polysilicon to module, ingots to module and cell to module —to make sure that mid to giant gamers within the trade would get a good likelihood to take part within the revised scheme unlikethe earlier scheme.
“Nonetheless, the inducement quantity has been considerably lowered in comparison with the earlier scheme. So bidders must also give attention to incentives beneath the State Industrial Coverage, customs concessional schemes, and so forth, when computing their return on funding whereas analysing feasibility for manufacturing photo voltaic PV modules right here,” he mentioned.
The Cupboard had on September 21 authorized the second tranche of PLI for highefficiency photo voltaic module manufacturing, a transfer the federal government mentioned will substitute imports value Rs 1. 4 lakh crore a 12 months and create 9,75,000 direct and oblique jobs.